NASDAQ$CPRT

Copart Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Copart's financial performance for Q2 2020 showed significant growth, with increases in revenue, gross profit, and net income compared to the same period last year.

Copart reported strong second quarter fiscal 2020 financial results, with an 18.6% increase in revenue, a 24.8% increase in gross profit, and a 28.4% increase in net income compared to the same period last year. Fully diluted earnings per share increased by 29.1%.

  • Revenue increased by 18.6% to $575.1 million.
  • Gross profit increased by 24.8% to $259.9 million.
  • Net income increased by 28.4% to $168.7 million.
  • Fully diluted earnings per share increased by 29.1% to $0.71.

Headline financials

Total Revenue

$575M

Previous: $485M+18.6%
EPS (adj)

$0.17

Previous: $0.13+30.8%
Operating Margin

36.5%

No prior period
Cost of vehicle sales

$57.9M

No prior period
Facility operations expense

$238M

No prior period
Capital Expenditures

-$400M

Previous: -$137M-192.8%
Free Cash Flow

-$43.4M

Previous: -$40.3M-7.7%
Net Income

$169M

Previous: $131M+28.4%
Operating Income

$210M

Previous: $165M+27.4%
Gross Profit

$517M

Previous: $424M+22.1%
Cash & Equivalents

$93.5M

Previous: $108M-13.6%
Total Assets

$3.05B

Previous: $2.3B+32.7%
Stock-Based Comp

$6.14M

Previous: $5.93M+3.6%

Revenue & EPS history

Copart · Revenue · Quarterly

$575M

Q2 2020+18.6%vs Q2 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Copart · $575M total across 2 segments · Q2 2020

  • Service revenues
    $510M
  • Vehicle sales
    $65.1M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.6%

Avg return

Earnings day

+0.7%

Avg return

5 days after

-0.4%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+13.1%

Q1 2025

Best reaction

-12.5%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.0%-2.7%-12.6%
Q2 2026+9.2%-4.8%-12.7%
Q1 2026-2.3%-5.5%-4.8%
Q4 2025-2.8%-2.9%-9.7%
Q3 2025-11.5%-14.2%-20.9%
Q2 2025-2.8%-3.3%-7.9%
Q1 2025+13.1%+15.1%+5.1%
Q4 2024-7.5%-7.7%-1.2%
Q3 2024-1.5%-0.7%-3.8%
Q2 2024+5.1%+8.2%+17.4%
Q1 2024+2.0%+2.9%-0.6%
Q4 2023-1.0%+0.6%+3.2%
Q3 2023+8.8%+9.8%+7.5%
Q2 2023+0.9%+1.2%+3.1%
Q1 2023+3.4%+3.3%-2.7%
Q4 2022+0.4%+0.5%-5.8%
Q3 2022-2.3%-2.6%-7.5%
Q2 2022-1.6%-3.5%+1.9%
Q1 2022-2.1%-7.9%-10.0%
Q4 2021-0.6%-0.1%-1.8%
Q3 2021+2.4%+5.8%+5.8%
Q2 2021-0.8%-5.7%-9.7%
Q1 2021-2.0%-2.6%+5.3%
Q4 2020-1.0%-0.5%+3.2%
Q3 2020+3.0%+2.8%+0.6%
Q2 2020-5.0%-9.4%-41.3%
Q1 2020+1.7%+4.1%+5.0%
Q4 2019+7.8%+10.1%+7.0%
Q3 2019+6.1%+7.7%+12.1%
Q2 2019+6.0%+11.0%+11.1%
Q1 2019+3.1%+0.4%-3.5%
Q4 2018-12.5%-19.9%-23.2%
Q3 2018-0.5%+2.4%+13.0%
Q2 2018+2.0%-1.3%+6.5%
Q1 2018+12.9%+16.9%+19.6%
Q4 2017+3.0%+2.7%+10.8%
Q3 2017+4.5%+3.4%+5.1%
Q2 2017-0.9%-0.0%+4.1%
Q1 2017-4.1%-2.6%+0.4%
Q4 2016+5.5%+6.5%+6.5%
Q3 2016+9.3%+10.9%+8.1%
Q2 2016+1.5%
Q1 2016+6.5%
Q4 2015-3.0%
Q3 2015-2.5%
Q2 2015+2.3%
Q1 2015+5.6%
Q4 2014-5.7%
Q3 2014-4.8%
Q2 2014+0.5%
Q1 2014+3.2%
Q4 2013-9.6%
Q3 2013-2.6%
Q2 2013-1.2%
Q1 2013+0.3%
Q4 2012+1.5%
Q3 2012+0.0%
Q2 2012+0.7%
Q1 2012+0.4%
Q4 2009-2.9%
Q3 2011-0.7%
Q3 2010-0.7%
Q2 2010+0.4%
Q2 2011+0.4%
Q4 2010+1.0%
Q1 2010+1.0%
Q1 2011+1.0%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro